The Blog of ANDREW sYRIOs

So this one may be my magnum opus for BiggerPockets. If you want a how-to-guide on due diligence for real estate investment, this 4700-word essay is for you. (And you might want to chase it up with this livestream I did on due diligence).

First thing I do is break down the process into an easily digestable checklist:

1. Pre-Offer Due Diligence

- Area Analysis

- Value and Financial Estimate

- Rehab Estimate

2.Post-Acceptance Due Diligence

- Physical Due Diligence

- Financial Due Diligence

- Legal Due Diligence

- Inspections

3. Retrading (if necessary)

4. Final Decision and Walking Away (if necessary)

And then I go into much, much, much more detail on each of these points. If you want to get into real estate investment, you need to master due diligence. Otherwise, you'll be left holding the bag (or in this case, a property without any equity because you missed something really important)!